Mastering the Lengthy Sport of Investing

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Shyam Sekhar on Mastering the Lengthy Sport of Investing

Within the newest episode of The One P.c Present, I talked to Shyam Sekhar, the Chief Ideator and Founding father of iThought Monetary Consulting. Amongst a number of insights, Shyam talked about –

• Function of proper mentors in life,
• Significance of growing an funding philosophy, and
• Taking part in the lengthy recreation in investing.

On his learnings from mentors, Shyam had this to say –

“I’ve discovered a number of enterprise solely from enterprise individuals. I’ve not discovered it from traders however from enterprise individuals. And that’s the reason I take a look at companies from a enterprise perspective and never an investor’s perspective. And I’ll solely put on the investor’s hat if I’m satisfied from a enterprise perspective. There may be one other perception that you simply be taught solely from people who find themselves profitable. I’ve a really totally different view. Many individuals haven’t been so profitable in life and have taught me many issues by opening up about their previous experiences and actually sharing their thought processes. However for them, I’d haven’t understood the genesis of failure. It’s very straightforward to solely take a look at success, however it’s important to perceive failure first. ”

One other insightful a part of our dialog was when Shyam suggested traders to not be outcome-driven –

“Don’t be simply final result pushed. I feel lot of individuals, significantly in these three years I see have turn out to be more and more final result pushed and obsessed. If you wish to do that for a protracted time frame, you’ll have various kinds of outcomes and it’s important to whether or not the unhealthy outcomes so that you can benefit from the nice outcomes. So, in the event you solely need nice outcomes, then you’ll not be able to face the unhealthy outcomes.”

Click on right here to take heed to our total dialog.

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My Interview on Speaking Billions

I just lately talked with Bogumil Baranowski, founding associate of Sicart Associates and writer of “Outsmarting the Crowd – A Worth Investor’s Information to Beginning, Constructing and Holding a Household Fortune” on his podcast Speaking Billions.

We took on some large questions on life, dwelling with kindness and the right way to be okay when issues will not be. We additionally mentioned the idea of freedom, minimizing the price of being mistaken, and likewise why we must always deal with our wealth like our youngsters, who’re our major hyperlink between the current and the longer term.

I loved speaking to Bogumil. Click on right here to take heed to our dialog.

My dialog with Bogumil revolved round my e-book The Sketchbook of Knowledge, which accommodates 50 timeless concepts – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, Lao Tzu to Nassim Taleb, and Steve Jobs to Naval Ravikant – as they apply to our lives as we speak.

When you haven’t acquired a replica of the e-book, which has already offered greater than 5500 copies worldwide, click on right here to get it now.

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Bharat Shah on Investing Efficiently

Top-of-the-line theories I’ve learn on the significance of investing in high-quality companies within the Indian context comes from Bharat Shah of ASK Group, who has written a e-book (unhappy, it’s not obtainable in print) titled “Of Lengthy Time period Worth and Wealth Creation from Fairness Investing.”

I just lately got here throughout his previous interview, the place he shared his insights on worth investing and the way he fashioned his funding course of and rules. A passage from the interview reads thus (emphasis mine) –

“…profitable long-term investing calls for 2 very important technical capabilities or craft and two persona traits. Whereas craft might be honed and refined by observing and absorbing, character traits have to come back from inside and be developed.

The 2 important expertise are: potential to understand and grasp the true character and the innards of various companies in addition to the flexibility to worth them. Until these skills are developed, one can’t turn out to be a great investor.

The 2 very important character traits are: self-discipline (or temperament) and knowledge. Self-discipline lies in investing solely into high quality companies and the temperament of not getting carried away by the fads of the markets and shopping for such high quality companies solely at a significant margin of security.”

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The Internal Sport Podcast

I just lately printed a sequence of brief movies – titled The Internal Sport – to share my ideas round investing, determination making, studying, and simply the follow of attempting to reside a great life.

You may watch them on my YouTube channel, together with these current ones –

You too can discover these and all previous periods on Apple Podcasts, Spotify, Google Podcasts, and Amazon.

Hope you want these and discover some worth. Please let me know your suggestions and/or strategies for enchancment. Thanks.

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Walter Schloss’ 16 Timeless Investing Guidelines

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Closing Ideas

“As I look again on it now, it’s apparent that learning historical past and philosophy was significantly better preparation for the inventory market than, say, learning statistics.” ~ Peter Lynch

“We by no means sit down, run the numbers out and low cost them again to internet current worth. The choice must be apparent.” ~ Charlie Munger

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That’s about it from me for as we speak.

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Thanks to your time.

Regards, Vishal